Over 1300 rediATMs where there is no Direct Charge

BMCU Bulletin Blue Mountains Credit Union April 2009
BSB 802 084
BSB 802 084
Over 1,300 rediATMs
where there is no Direct Charge
As previously advised to you, the new Direct Charging at ATMs became effective from 3 March 2009.
This means that you will be directly charged a fee whenever you In fact, over the next few years the network will almost double in
use any ATM except a rediATM. That’s because rediATM is the size. You’ll find the rediATM network as convenient as any of the
Credit Union network. big banks.
With over 1,300 ATMs located all over the country, rediATMs are Finding a rediATM is so easy!
conveniently located and will save you money. Here’s why:
You can find details of your nearest ATM from our website
ATM owners are now permitted to charge a fee to users who under Your Direct Charge Free ATM network→ Daily Accounts →
transact at their ATM but don’t bank with them. This direct Access → rediATM. Or you can point your browser to
charge is disclosed upfront on the ATM screen and users will be www.rediatm.com.au
given the option of cancelling the transaction if they do not wish
Whichever way you find your closest rediATM, there will not be
to proceed. If you choose to proceed, the owner of the ATM will
any Direct Charge for your transaction.
directly charge you the fee. The fee will be added to your
withdrawal amount. Here’s how you can save even more:
No Direct Charge if you use a rediATM When making purchases with EFTPOS, withdraw extra cash
when you can. Direct Charging does not apply, and EFTPOS only
The 1,300 rediATMs (note that some of them may still be called
costs $0.60 per transaction, which forms part of your monthly
Reditellers) around Australia are all Direct Charge free!
excess transaction charge rebate.
As a BMCU member you can use any rediATM or Rediteller ATM
and know that there will be no direct charge for the transaction. If you still need more information or help with Direct
rediATMs are easier to find! They’re bright, bold and soon they’ll
be in more places than ever before.
Charging, just contact us for assistance.
Protect your Assets when you most need to
Don’t let falling house prices fool you into being underinsured drop in home prices by up to another 10%1 over the next 12
whilst building costs remain as high as ever. months. Whilst recent survey data2 anticipates that over the next
six months the continuing nationwide skills shortage will result in
With the price of houses and units continuing to fall, but building
a significant rise in labour costs, in addition to increases in
costs increasing across the country – did you know that you could
materials. cont. over page
be underinsured? Industry predictions point to a further national
Information in this newsletter was correct at time of printing and subject to change. For all loans, terms and conditions, fees
and charges and approval conditions apply. Details such as current interest rates, comparison rates, fees and charges, etc
are available on our website www.moregenerousbanking.com.au or by contacting any branch. These articles do not take into
account your personal needs and financial circumstances and therefore you should consider whether the product is appropriate
for you. Sydney Credit Union Limited (ABN 93 087 650 726, AFS Licence Number 236476) recommends that you read the Member
Information Guide, available to you, prior to acquiring the products.
www.moregenerousbanking.com.au
Sydney Credit Union Ltd. 19 Second Ave Blacktown NSW 2148 ABN 93 087 650 726 AFSL 236476
Please address all mail to PO Box 444 Blacktown NSW 2148 enquiries@moregenerousbanking.com.au
BMCU Bulletin April 2009
Protect your Assets when you most need to... cont.
Branch Locations
Well, what does this all mean for you? Don’t be fooled into reducing your level of
First off, don’t be fooled into reducing your insurance to save money. In reality it could
• Baulkham Hills
overall level of insurance. Now more than leave you thousands of dollars out of pocket. Shop 36, Stockland Mall Olive Street
ever, it is important to ensure that you have (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
an appropriate level of home insurance As the people you rely on to manage and
safeguard your money, BMCU is happy to • Bondi Junction
cover. 35 Spring Street
assist you to select the right level of cover
(Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
Your home is your most valuable asset, so if for your home and its contents.
something were to happen to it you would • Campbelltown
want to know that you were sufficiently Unless you’re an expert, it’s hard to estimate Shop U012, Macarthur Square Gilchrist Drive,
covered. While home value is an important the cost of replacing your home and contents Ambervale
if they were destroyed. So, to help you, why (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
indicator for the level of home insurance
required, actual re-building costs are not try out our online calculator at • Fairfield
www.moregenerousbanking.com.au you 111 Ware Street
paramount. (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
may be surprised to learn just how much
Did you know that as many as one in five replacing your home and contents could cost. • Greenacre
homes in Australia may be under-insured 138 Waterloo Road
by as much as 30% for home building We use Allianz Australia Insurance Limited (Mon– Fri 9am – 4.30pm)
insurance3? In addition, one in three (Allianz)5 as our trusted insurance provider. • Katoomba
households are under-insured by more Allianz provides both Home Building and 63 Pioneer Place
than 30% for contents insurance4. Contents insurance cover to protect your (Mon to Fri 9am - 4.30pm)
assets when you need it most. • Leichhardt
7–15 Wetherill Street
To discuss your home building and contents insurance needs, call us (Mon–Fri 9am – 3.30pm, Sat 9am – 11.30am)
on 13 61 91 or visit our website at www.moregenerousbanking.com.au • Marrickville
296 Marrickville Road
1. Australian Property Monitors, June 2008 Quarter Housing Data. 2. Master Builders Australia, National Survey of Building & Construction, June Quarter 2008. 3. Source: Insurance Council (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
of Australia, Report on Under-Insurance, published in October 2002. 4. Source: Insurance Council of Australia, Report on Under-Insurance, published in October 2002. 5. Voted best General
Insurance Company in 2006 & 2007, Allianz is one of Australia’s largest general insurance companies. • Mascot
Sydney Credit Union Ltd (SCU) ABN 93 087 650 726, AFSL 236 476 acts as an agent of Allianz and not as your agent. These insurances 1197 Botany Road
are issued by Allianz Australia Insurance Limited (Allianz) ABN 15 000 122 850 AFSL 234708 of 2 Market Street, Sydney NSW 2000. Any (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
advice here does not take into consideration your objectives, financial situation or needs, which you should consider before acting on
• Parkes
our recommendations. You should read and consider the Product Disclosure Statement before deciding whether to acquire any product
mentioned here. Available on 13 61 91 and/or www.moregenerousbanking.com.au SCU receives commission on these products that is 189 Clarinda Street
a percentage of the premium paid. (Mon–Fri 9am – 4.30pm)
• Parramatta
Take a careful look at your Investments
Horwood Place
(between George & Phillip Streets)
(Mon–Fri 9am – 4.30pm)
Are you worried about the invest, the more time you • Penrith
recent market volatility and have to ride out the market 23 Riley Street
(Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
effect on your investments? movements.
• Punchbowl
The recent fall in the Another important point 234 The Boulevarde
value of shares has been to remember is that (Mon–Fri 9am – 4.30pm)
reflected in disappointing although the loss in value • Rockdale
returns, not only for any is disappointing, you’ve Shop 5 Rockdale Plaza
investments you hold, generally only lost money if you’ve (Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
but also from your super fund. had to sell your shares and realised a • Springwood
However, it’s important not to panic and loss. If you have the capacity to hang onto 268 Macquarie Road
(Mon to Fri 9am to 4.30pm, Sat 9am - 11.30am)
sell any shares you have in favour of more them, when the market does eventually
conservative investments, such as cash, as rebound, generally so will the value of your • St. George Hospital
Cafeteria, Belgrave Street Kogarah
you may miss out on growth opportunities shares. History has shown us that after (Mon–Fri 10am – 2pm)
when the market rebounds. most major downturns, the market does
• Sydney City
recover and generally goes on to achieve 210 Clarence Street
At times like these it’s important to new highs.
remember some of the basic rules of (Mon–Fri 9am – 4.30pm)
investing. What you choose to invest in will Diversification is the key. By spreading • Windsor
depend on your goals, your risk profile and your investments across a range of asset Shop 7-8, 251 George Street
(Mon–Fri 9am – 4.30pm, Sat 9am – 11.30am)
your time horizon. classes, the risk of loss is minimised,
because not all assets perform in line • ADMINISTRATION
Your risk profile is determined by the level with each other. Poor performance within Blacktown
of comfort you have with fluctuations in the one asset class can be offset by strong 19 Second Avenue NSW 2148
value of your investments. While higher performance in another asset class. Phone: 13 61 91
risk investments, such as shares, have the Fax (02) 9678 2181 (Mon–Fri 9am – 5pm)
potential for higher returns, the risk of loss So, why not make the most of your money
is also greater. and call us on 13 61 91 or speak to our
friendly staff at your local branch today.
Your time horizon, or the length of time We will be more than happy to make
over which you have to invest, will also be an appointment for you with a Bridges
a determining factor in the investments financial planner. Also, the first meeting is www.moregenerousbanking.com.au
you choose. Shares are a longer term complimentary and obligation-free!
investment – the more time you have to Sydney Credit Union Ltd.
19 Second Ave Blacktown NSW 2148.
ABN 93 087 650 726 AFSL 236476
Bridges Financial Services Pty Limited (Bridges). ASX Participant. AFSL No 240837. This is general advice only and does not
take into account your objectives, financial situation and needs. Before acting on this advice, you should consult a financial
Please address all mail to PO Box 444 Blacktown NSW 2148
planner. In referring members to Bridges, SCU does not accept responsibility for any acts, omissions or advice of Bridges and enquiries@moregenerousbanking.com.au
its authorised representatives.